Binance Coin Outperforms Top 100 Projects: Can BNB Hit $800?

Binance’s BNB token is outperforming the apical 100 projects successful the play charts. The plus has rallied 13.3% successful the regular charts, 24.3% successful the play charts, 6.1% successful the 14-day charts, and 3.6% implicit the erstwhile month. BNB’s terms has besides risen by 119.4% since February 2024.

Source: CoinGecko

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Binance Coin Dominates The Charts

Source – Coinpedia

The latest rally could beryllium owed to rumors astir Binance selling astir of its Bitcoin (BTC) and Ethereum (ETH) holdings to bargain BNB. It was aboriginal recovered that the speech was not selling its assets. The disorder was owed to an accommodation successful the institution treasury’s accounting process.

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BNB’s rally could besides beryllium owed to the marketplace picking up steam aft its dip connected Feb. 12, 2025. Bitcoin (BTC) fell beneath $95,000 connected Wednesday, Feb. 12. BTC’s dip brought down the prices of different assets. BTC has since recovered the $96,000 terms level. The dip whitethorn person been owed to macroeconomic uncertainties. The Federal Reserve has taken a hawkish stance with its monetary argumentation for 2025. The Fed is besides yet to denote an net complaint cut.

Can The Asset Hit $800 Next?

Source: CoinCodex

Binance’s BNB coin deed an all-time precocious of $788.84 connected Dec. 4, 2024. The plus has fallen by much than 10% from its peak. Despite the drawdown, BNB is expected to ascent to caller highs this year.

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CoinCodex anticipates BNB to proceed rallying implicit the coming months. The level predicts BNB to breach the $800 people connected Apr. 6, 2025. The level anticipates the plus to proceed rallying to a caller all-time precocious of $1048.90 connected May 3, 2025. Hitting $1048.90 from existent terms levels volition entail a rally of astir 46.38%.